Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sirens are sounding in Tel Aviv and surrounding areas
Israeli military command: We identified missiles launched from Iran
Tunis: The legitimacy created by World War II is crumbling and the future belongs to free peoples of the world
Tunis: We emphasize that the aggression against Iran should not obscure other ongoing crimes, the first of which is the war of extermination against the Palestinian people
Tunis: International legitimacy does not permit or justify aggression against Iran under any cover or title
Tunisia: Foreign Ministry: We call for an end to the aggression against our sister country, Iran, and we do not limit ourselves to condemning the Zionist and American attacks
Iran: Nur News: An Israeli aerial assault is targeting the region of Parchin, east Tehran
Iran: Iranian TV: Iranian air defenses shot down an Israeli Hermes 900 drone over Markazi Province, central Iran
Nour News, citing Iranian Armed Forces: 20th wave of Operation Truthful Promise 3 successfully targeted three of the Israeli enemy's strategic centers.
Nour News, citing Iranian Armed Forces: The targets struck included Ben Gurion Airport, the Biological Research Center, and command and control centers.

US using tariffs as weapon, punishment against Russia

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Jun 2022 20:39
3 Min Read

Washington looks to add more pressure on Russia.

  • x
  • Katherine Tai speaks after then President-elect Joe Biden announced her nomination to be U.S. trade representative, in Wilmington, Delaware, on Dec. 11, 2020. (Reuters)
    Katherine Tai (Reuters)

The United States has been using tariffs as a weapon and punishment against Russia, according to Katherine Tai, a trade representative who spoke to Congress today, Wednesday.

"Tariffs are like 2x4s. They can be used for lots of different purposes. With respect to Russia, these tariffs are punishment. We are using these 2x4s as a kind of a weapon," Tai told a US Senate Appropriations subcommittee.

"We are continuing to engage in the administration through our conversations also with other partners and allies to look at how we can use these new authority to impose additional consequences on imports from Russia," Tai said. 

The US raised tariffs on 75% of Russian imports

After the suspension of normal trade ties with Russia, the US increased tariff rates on more than 75% of Russian imports, revealed Tai. 

Related News

Trump pushes Iran regime change rhetoric, administration contradicts

Russia, China, and Pakistan call for ceasefire amid US attacks on Iran

"As a result of the bill that Congress passed and that the president signed into law earlier this spring, the United States has with respect to trade suspended permanent normal trade relations with Russia. And that means we've imposed non-MFN [most favored nation] tariffs on imports from Russia. That action alone has increased tariff rates on over 75% of US imports from Russia," she said.

The US wants to take apart the Russian economy 

Washington seeks to take apart the Russian economy, or in its own words, its "supply chain".

In April, the Deputy Treasury Secretary, Wally Adeyemo, announced that Washington wants to dismantle Russia's "war machine" by disrupting its defense industry and supply chain. 

"The next phase of our work will be to take apart Russia’s ‘war machine’ piece by piece by disrupting their military-industrial complex and its supply chain," Adeyemo said in a virtual discussion organized by the Peterson Institute for International Economics.

However, this isn't so new. 

In earlier April, US President Joe Biden said the United States and its allies will continue to ratchet up economic costs on the country and further isolate it.

He also claimed that the sanctions imposed on Russia have wiped away Russia's economic development over the last 15 years.

"Our sanctions are lucky to wipe out the last 15 years of Russia's economic gains and because we have cut Russia off from importing technologies like semiconductors and encryption security and critical components of quantum technology that they need to compete in the 21st century. We are going to stifle Russia's ability as an economy to grow for years to come," Biden said in an address to North America’s Building Trades Unions (NABTU) Legislative Conference.

  • United States
  • Russia
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

Iran launches 9th wave of Op. True Promise 3, destroys IOF air defense

  • MENA
  • 17 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Secretary of Iran's Supreme National Security Council Ali Shamkhani, speaks with then-Syrian Prime Minister Imad Khamis in a meeting in Tehran, Iran, Tuesday, January 17, 2017 (AP)
Politics

Iran holds the initiative after nuclear strikes, Shamkhani says

Blood stains a religious painting inside Mar Elias Church, where a suicide bomber detonated himself in al-Dwela, on the outskirts of Damascus, Syria, on Sunday, June 22, 2025 (AP)
Politics

UN, regional governments condemn Damascus church bombing

A B-2 bomber arrives at Whiteman Air Force Base Missouri, Sunday, June 22, 2025, after returning from a massive strike on Iranian nuclear sites on Saturday (AP)
Politics

Israeli media: US-Israeli strike on Iran failed to end war

China UN Ambassador Fu Cong addresses the United Nations Security Council, Monday, March 24, 2025. (AP Photo/Richard Drew)
Politics

China slam US strikes on Iran nuclear sites

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS